Comment by csomar

4 days ago

Even the simplest of jurisdictions will cost you $3000-5000 of yearly up keep for no revenue. Don’t be deluded with the incorporation cost, later on you’ll discover lots of required things that are not very obvious now like banking fees, mailbox, accountants, some form, VAT, etc..

So until you have $5.000 of yearly revenue (or guaranteed incoming revenue), do not incorporate. Just remind your users that your service is not free and they have to pay up at some point after the beta.

Once you hit that threshold, you can consider incorporating. No one can help you in that. There are three factors here: Where you live, What your passport is (where you are from) and where your income is coming from. Based on these three, you’ll be able to determine which jurisdiction is most suitable. It’s not the one with the least taxes because at this stage, 5% or 40% tax on profit is irrelevant.